Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. bond returns last year janet purchased a $1,000 fa

BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 9%...

80.2K

Verified Solution

Question

Finance

image

BOND RETURNS Last year Janet purchased a $1,000 face value corporate bond with an 9% annual coupon rate and a 20-year maturity. At the time of the purchase, it had an expected yield to maturity of 13.26% . If Janet sold the bond today for $1,143.59, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places. 0%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1.2 Which strategy is not a viable “green” option in the chemical industry? (a) Using catalysts to...

Chemistry
Q

The physics of satellite motion around Jupiter. A 155 kg satellite is placed in orbit 6.00 x...

Physics
Q

Research on job satisfaction indicates that job satisfaction may be linked to personality. In particular, job...

Psychology
Q

Write a user-defined MATLAB function that uses classical fourth order Runge-Kutta method to solve a first...

Mechanical Engineering
Q

Now that you have completed this course in Statistics, please describe a concept covered in the...

Basic Math
Q

5 The allele for tasting PTC is dominant over the non tasting allele In a...

Biology
Q

Convert 28 4 ADD FACTOR STARTING AMOUNT X x 30 5 12 72 1 1120...

Algebra
Q

The internal rate of return method is used by Testerman Construction Co. in analyzing a...

Accounting
Q

Information from the 2015 Form 990 and the 2016 audited financial statements for Feeding America...

Accounting
Q

which of these describe the character of an S-Corp? Tax Paying or Reporting

Accounting
Q

i cant figure out entries for 8th or 20th, please explain how to get correct...

Accounting
Q

A, an individual US citizen, B a C corporation and K, a citizen of Canada...

Accounting